Nifty weekly-hit my target 8280 now wait and watch

Nifty futures outlook for next week 12 to 16 Dec. 2016

Nifty futures outlook for next week 12 to 16 Dec. 2016

Nifty future this week closed with gain at 8275. nifty hit my given recovery target of 8280. Nifty future after fall is bouncing back in recovery phase. Nifty price trend still down but momentum is bullish and nifty is now at make or break levels. On upside 8280 is December pivot resistance and if we see breakout above this level then expect 8640 my next swing target zone.   Failure to cross 8280 will result in heavy selling and possible downside up to 7860 in December series. Traders here keep wait and watch strategy while risk takers can buy nifty future for target 8350 to 8480 levels with stop loss below 8200. In options, risky traders can keep buy and accumulate view on nifty 8200 call options for big gains on breakout.  

From long term view, above 8155, nifty future will remain buy and accumulate for target 8888.

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Updated: 07/06/2017 — 1:53 AM

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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